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    Thomas Cook cuts UK jobs

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    euronews (in English)

    by euronews (in English)

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    Thomas Cook is to cut 2,500 jobs from its UK workforce and close almost two hundred of its more than one thousand stores there.

    The economic downturn has meant a slump in sales over the last two years.

    That led to a string of profit warnings and forced the world's oldest travel firm to renegotiate bank loans and dispose of assets to cut its debt.

    ...
    http://www.euronews.net/